FX.co ★ Patterns NZDCHF | New Zealand Dollar (NZD) to Swiss Franc (CHF) Rate in the Forex market

According to the chart of M5, NZDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4721 - 0.0000 and support 0.4707 – 0.4707. In case the resistance level 0.4707 - 0.4707 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M15, NZDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4721, the lower border is 0.4707. The signal means that a short position should be opened after fixing a price below the lower border 0.4707 of the Bearish Rectangle.

The Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4707; the resistance level 0.4720; the width of the pattern 13 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 12 points.

The Double Bottom pattern has been formed on NZDCHF M5; the upper boundary is 0.4718; the lower boundary is 0.4708. The width of the pattern is 11 points. In case of a break of the upper boundary 0.4718, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Top reversal pattern has been formed on NZDCHF M30. Characteristics: the upper boundary 0.4738; the lower boundary 0.4730; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 0.4730 with a possible movements towards the 0.4700 level.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4730/0.4734 whereas the upper border goes across 0.4738/0.4734. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of NZDCHF will breach the upper border to head for 0.4749.

According to the chart of H1, NZDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.4739/0.4726 whereas the lower border goes across 0.4709/0.4726. The pattern width is measured on the chart at 30 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.4726 is broken, the price could continue its move toward 0.4766.

According to the chart of H1, NZDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.4739 and 0.4709 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 30 pips. Outlook: If the upper border 0.4739 is broken, the price is likely to continue its move by 0.4766.

The Triple Bottom pattern has been formed on NZDCHF M5. It has the following characteristics: resistance level 0.4745/0.4741; support level 0.4738/0.4739; the width is 7 points. In the event of a breakdown of the resistance level of 0.4745, the price is likely to continue an upward movement at least to 0.4753.

The Bullish Flag pattern has been formed on the chart NZDCHF M15 which signals that the upward trend will continue. Signals: а break of the peak at 0.4729 may push the price higher, and the rise will be the projection of the pole.